PetSmart Rises, Williams-Sonoma Falls after Earnings

By Avi Salzman

PetSmart (PETM) posted better than expected earnings, sending shares up 6.3% in after-hours trading. The company said it earned 75 cents per share, 12 cents ahead of expectations as revenues rose 9% over last year. CFO Chip Molloy plans to resign in 2014, the company said.

Williams-Sonoma (WSM) likewise beat expectations on both the top and bottom lines, but its fourth quarter guidance narrowly missed Street estimates. The company said “the recent storms have caused some disruptions to our business.” The home goods retailer’s shares fell 4.7%.

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